Ask Question
25 February, 20:01

The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment rate (in the economy) is 5.6. The economy is in

+3
Answers (1)
  1. 25 February, 22:40
    0
    If the frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment rate (in the economy) is 5.6, then the economy is in a recessionary gap producing natural real gdp.

    A recessionary gap, or contractionary gap, is a macroeconomic term which refers to the difference between actual and potential production in an economy.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment rate (in the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers